Question : By selling a glass for Rs. 1378 a man earns a profit of 6 percent. If he sells it for Rs. 1079, then what will be the loss percentage?
Option 1: 11%
Option 2: 18%
Option 3: 17%
Option 4: 15%
Answer (1)
21st Jan, 2024
Correct Answer: 17%
Solution :
The selling price of the glass = Rs. 1378
Profit = 6%
The cost price of the glass = $\frac{100}{106}×1378=1300$
New selling price = Rs. 1079
Loss percentage = $\frac{1300-1079}{1300}×100=\frac{221}{1300}×100=17\%$
Hence, the correct answer is 17%.
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